16.—(1) Every register which an Operator is required to maintain by virtue of these Regulations shall be kept in the United Kingdom.U.K.
(2) Provided that it is kept in the United Kingdom, any such register [F1(other than an Operator register of eligible debt securities)] which relates to securities issued by a company shall be deemed to be kept—
(a)in the case of a company registered in England and Wales, in England and Wales; or
(b)in the case of a company registered in Scotland, in Scotland.
Textual Amendments
F1Words in Sch. 4 para. 16(2) inserted (24.6.2003) by The Uncertificated Securities (Amendment) (Eligible Debt Securities) Regulations 2003 (S.I. 2003/1633), regs. 1(1), 13
Commencement Information
I1Sch. 4 para. 16 in force at 26.11.2001, see reg. 1